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Wednesday, April 15, 2015

It Takes Two to Tangle/Tango: Slides of My PINE-UCM Lecture

Economics students around the world have been venting frustration with the orthodox curriculum in the wake of the 2008 world economic crisis. As readers of this blog will be aware, I have considerable sympathy with their plight.However, there has been a wealth of proposals for how to reform economics and finance in recent years, much of which has only muddied the waters and deepened the despair of both the general public and economics students alike.At the invitation of the Pluralism in Economics group at University College Maastricht, I gave a lecture last evening that argued that understanding only two simple principles takes us a long way to understanding the complex social reality we live in.These principles are

It takes two to tangle (tango);

What goes around comes around.

I’m making a revised version of my slides available for a general, non-technical audience: download here. Enjoy.And don’t forget to attend Paul de Grauwe’s Joan Muysken Lecture on “Is the Eurocrisis over?” this coming Monday, April 20, in Maastricht!

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About Me

I'm a research economist at UNU-MERIT (Maastricht, The Netherlands) and IIASA (Laxenburg, Austria) with a specialization in the economics of innovation, complex dynamics, economic growth and evolutionary economics. By the 2008 world crisis at the latest it became clear that macroeconomics, financial markets and economic policy cannot be entrusted anymore to mainstream economists. Hence this blog.